Tag Archives: industrial production

Gold prices fall 1.48% as US economic data showcases resilience, led by strong retail sales and industrial production figures. Hawkish tones from Fed officials Mester and Barkin contribute to rising US Treasury bond yields, further pressuring gold prices; trading at $1985. 76 per ounce at the time of writing. Upcoming …

The start of the week on Wall Street was uneven. Participants in the market are analysing the events of the previous week, including central bank meetings and US labour market data. There were no significant shocks in the Federal Reserve bank survey as worries about banking continue to decrease, bolstering …

Gold prices fell for the fourth consecutive session on Monday due to a stronger dollar while the Federal Reserve’s monetary policy stance overshadowed expectations for non-yielding gold. The spot gold price fell 0.6 percent to $1,739.31 an ounce by 0931 GMT, after falling earlier to its lowest level since November …

Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …

Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …

Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …

US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed strong retail sales in April to ease some concerns about slowing US economic growth. Ten of the 11 major S&P sectors advanced, with financials and technology up 2% each.Economic DataUS retail sales increased …

Data released on Tuesday showed Industrial Production rose 1.1% in April. Analysts at Wells Fargo point out that US factories, mines and energy producers together called more capacity into service than at any other time since the start of the pandemic. They warn supply chains are not fixed and could …

Data released on Thursday showed the ISM Service Index dropped to the lowest level in 11 months in January. Analysts at Wells Fargo point out it reflects how a lack of available workers and persistent supply shortages “are weighing on firms’ ability to keep up with activity in the service …

Industrial Production in the US dropped unexpectedly 0.1% in December. Analysts at Wells Fargo explain the decline took place despite indications that wait times are shortening and other signs of initial improvement with the supply chain problem.Key Quotes: “Total industrial production edged slightly lower in December with a 0.1% decline …